Bank Of England: It’s Not The Plane, It’s The Pilot - Speech By Shoib Khan, Given At Westminster Business Forum Policy Conference

hoib Khan discusses the unique combination of risks currently facing the UK’s insurance sector. He explains that insurers share an important responsibility in looking beyond the mechanics of their models and should:

• Know when models are not correctly reflecting prevailing conditions,
• Be confident that management actions will be available if needed during times of stress and,
• Ensure that firms can achieve a safe and orderly exit.

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